Stocks… Nasd 100…4041.50 is where the next set of macro sell stops reside ( the semi annual ORL#). Nasd now needs to maintain above this level to stabilize. 3810 is my targeted support level without sustained early recovery over 4041. … Continue reading
GOOGL is finally giving it up. 671-73 is today’s support and downside closing pivot. IBB…432 is the 200 DMA. Nasd 100…today’s 200 DMA is 4380, a level that looks to be tested which would give the Nasdaq another 100 point … Continue reading
Stocks… Nasd 100…the levels have not changed. 4430 is support. Closing below 4420 will lead to a much deeper correction. Bonds … 30 Yr. Bonds…do not fade the up. TLT…126.70 is Fib resistance. Bunds…155.74 is the reversal qtrly low which … Continue reading
Stocks… MVV…77.95 is the low risk buy level. Only a close below 77.29 (it’s 200 DMA) turns it lower Spu’s…we’re back up at the higher end of the range. 2061 is the lower end of value on the point & … Continue reading
Stocks… Spu’s & Nasd 100…have filled out their respective point & figure charts. Nasd 100/30 Yr. Bonds….have rallied back to it’s 200 DMA. This will make upside follow through in the Nasd from here arduous. SHCOMP…the powers that be seem … Continue reading
Both the Spu’s & the Midcap are trading within a breathe of their respective 200 DMA’s, just below today’s current low. The Bulls will want to see some recovery off these levels. If the market is going to hold, the … Continue reading
I’m getting another sell signal in the Spu’s. This tells you to sell rallies again. So far we’ve maintained the early low as the U.S. is being bought against the rest of the world. Time frame Trading the rest of … Continue reading
Stocks… Nasd 100…4550- a few is today’s momentum level. Spu’s…2086 was yesterday’s opening range & today’s momentum level. All new weakness below 2080 should not be faded. Bonds … Bunds…154.46 is unchanged for the past couple of weeks. Bunds have … Continue reading
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